Monday's session started with a sharp upside move. As expected, sellers entered the market at our resistance level of 11 611 to correct the uprun, but not for long. The same scenario occurred once more at the following resistance zone of 11 645 which also didn't have long lasting. The 11 611 zone functioned as the support for another bullish push towards the end of the intraday session.
Important zones
Resistance: 11 707
Support: 11 561
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's high is 83%
The statistical probability of closing outside of yesterday's session is 83%
Macroeconomic releases
NIL
Today's session hypothesis
Today we have a strong statistical probability of breaking yesterday's high. Right above this level, we have a nice resistance zone at 11 707 where we may anticipate seeing some bearish correction. Nevertheless, there is another strong card for the bullish sentiment as the statistics suggest the price is likely to close outside of yesterday's range. As always, we advise all traders to be vigilant and have a clear trade plan.
Important zones
Resistance: 11 707
Support: 11 561
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday's high is 83%
The statistical probability of closing outside of yesterday's session is 83%
Macroeconomic releases
NIL
Today's session hypothesis
Today we have a strong statistical probability of breaking yesterday's high. Right above this level, we have a nice resistance zone at 11 707 where we may anticipate seeing some bearish correction. Nevertheless, there is another strong card for the bullish sentiment as the statistics suggest the price is likely to close outside of yesterday's range. As always, we advise all traders to be vigilant and have a clear trade plan.